Bitcoin has surged rapidly to a high level in the short term. Historical experience shows that such sharp rallies are often unsustainable. Currently, market sentiment is extremely optimistic, with a large number of investors chasing the rally. From a technical indicator perspective, the commonly used Relative Strength Index (RSI) is in overbought territory, and while prices continue to make new highs, the RSI has failed to confirm these highs, forming a bearish divergence. This suggests that although prices are still rising, upward momentum is gradually weakening, and the market may be on the verge of a reversal.
Trading Strategy
- Risk Management:Set a stop loss 500–1,000 points above the entry price to allow for greater price volatility and avoid being prematurely stopped out.
- Profit Targets:
- First Take-Profit: 110,000
- Second Take-Profit (if broken through): 108,000
- Third Take-Profit: 106,000
Today's BTC trading strategy, I hope it will be helpful to you
BTCUSDTsell@111000~111500
SL: 112000
TP1:110000
TP2:108000
TP3:106000
Trading Strategy
- Risk Management:Set a stop loss 500–1,000 points above the entry price to allow for greater price volatility and avoid being prematurely stopped out.
- Profit Targets:
- First Take-Profit: 110,000
- Second Take-Profit (if broken through): 108,000
- Third Take-Profit: 106,000
Today's BTC trading strategy, I hope it will be helpful to you
BTCUSDTsell@111000~111500
SL: 112000
TP1:110000
TP2:108000
TP3:106000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my Telegram channel and get accurate signals for free every day
t.me/+TV_kswto0jw3NWU0
t.me/+TV_kswto0jw3NWU0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.